Piece-rate pay coexists in our economy with hourly wage pay

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Piece-rate pay coexists in our economy with hourly wage pay.

(1) Why is that? What aspects of a business (or job) would lead you to expect that it would be characterized by one or the other?

(2) Studies suggest that, comparing workers who do similar jobs, those who are paid by piece-rate earn more than those who are paid straight wages. What reasons are for this difference?

Reference no: EM131009668

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